GroundRules
Ala. Code § 10A-5A-9.07: Discontinuance or Settlement.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 5A Alabama Limited Liability Company Law of 2014.
- Article 9 Actions by Members.
A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to members of the limited liability company or the members associated with the series of the limited liability company, as the case may be, in such manner as the court directs.
Collected 2026-09-03T14:01:53Z. Source file · JSON